October 22, 2021 Headlines

Treasuries have caught a bid this morning with the curve 1 to 3 bps lower. US equity futures are in the green despite some mixed earnings results. An unexpected interest payment made by Evergrande helped to boost equity markets, but the developer still has over $300 billion in debts to be paid. Today is the last day for Fed speakers, with both San Francisco President Daly and Chair Powell on the docket before the blackout period ahead of the November 2-3 meeting.

Hafizan Hamzah
Director, Investment Management Group

10/18/21Industrial Production MoM0.10%-1.30%0.40%-0.10%
10/18/21Capacity Utilization76.40%75.20%76.40%76.20%
10/18/21Manufacturing (SIC) Production0.10%-0.70%0.20%-0.40%
10/18/21NAHB Housing Market Index758076
10/18/21Total Net TIC Flows$91.0b$126.0b$164.1b
10/18/21Net Long-term TIC Flows$79.3b$2.0b
10/19/21Housing Starts1615k1555k1615k1580k
10/19/21Building Permits1680k1589k1728k1721k
10/19/21Housing Starts MoM0.00%-1.60%3.90%1.20%
10/19/21Building Permits MoM-2.40%-7.70%6.00%5.60%
10/20/21MBA Mortgage Applications-6.30%0.20%
10/20/21U.S. Federal Reserve Releases Beige Book
10/21/21Initial Jobless Claims297k290k293k296k
10/21/21Continuing Claims2548k2481k2593k2603k
10/21/21Philadelphia Fed Business Outlook2523.830.7
10/21/21Langer Consumer Comfort49.751.2
10/21/21Leading Index0.40%0.20%0.90%0.80%
10/21/21Existing Home Sales6.10m6.29m5.88m
10/21/21Existing Home Sales MoM3.70%7.00%-2.00%
10/22/21Markit US Manufacturing PMI60.560.7
10/22/21Markit US Services PMI55.254.9
10/22/21Markit US Composite PMI55
10/22/21Monthly Budget Statement-$59.0b-$124.6b


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